))
July 2025 Real Estate Market Update
Manage episode 494946293 series 3005885
Content provided by Sean Gilliam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Gilliam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
The Spring market is over. While we saw some pockets of accelerated activity across the Front Range, we also saw homes sitting on the market for extended lengths oftime. Inventory has increased but buying activity is not keeping up. The result? We are edging toward a Buyer’sMarket. In fact, some areas, especially the mountain towns, are already in a Buyer’s Market, according to the Month'sSupply of Inventory metric. We are also seeing a significant amount of price reductions. Builders are offering great incentives on their standing inventory. If you werewondering if now is a good time to buy, it is, as long as you are planning on owning the home as a long term investment. If it helps, Barbara Corcoran, a popular real estate mogul, thinks the market we’re in is a good one to buy in.
For the selling side of things, many of you are enjoying amortgage that has a rate below 4%, some even below 3%! My honest professional advice? Hold! Unless you really, really want to move and it makes good sense. Otherwise, enjoy that low mortgage rate!
67 episodes
Share
